BP (BP) Earns Overweight Rating from Barclays

Barclays reissued their overweight rating on shares of BP (LON:BP) in a report published on Tuesday.

A number of other analysts also recently weighed in on BP. Deutsche Bank set a GBX 565 ($7.66) price objective on BP and gave the company a buy rating in a report on Monday, January 15th. S&P Global set a GBX 540 ($7.33) price target on BP and gave the stock a neutral rating in a report on Tuesday, January 16th. UBS set a GBX 550 ($7.46) price target on BP and gave the stock a buy rating in a report on Wednesday, January 17th. Kepler Capital Markets increased their price target on BP from GBX 505 ($6.85) to GBX 535 ($7.26) and gave the stock a hold rating in a report on Thursday, January 18th. Finally, JPMorgan Chase reissued an overweight rating and set a GBX 550 ($7.46) price objective on shares of BP in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 570.25 ($7.74).

Shares of BP opened at GBX 582.30 ($7.90) on Tuesday, according to MarketBeat.com. BP has a 52 week low of GBX 436.95 ($5.93) and a 52 week high of GBX 536.20 ($7.27).

The firm also recently declared a dividend, which will be paid on Friday, June 22nd. Shareholders of record on Thursday, May 10th will be paid a $0.10 dividend. This represents a yield of 1.35%. The ex-dividend date is Thursday, May 10th.

In other BP news, insider Brian Gilvary purchased 65 shares of the stock in a transaction on Monday, March 12th. The stock was acquired at an average cost of GBX 478 ($6.48) per share, with a total value of £310.70 ($421.46). Insiders acquired 185 shares of company stock valued at $94,640 over the last three months.

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

Analyst Recommendations for BP (LON:BP)

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